Pan Am, conversions to rail and train lengths — oh my!

A photograph of a CSX train traveling next to a forest.

A CSX (NASDAQ: CSX) executive confirmed that CSX has talked with short line Pan Am Railways about a possible future involving both companies, but he declined to comment further on the issue.

“You might have seen what we’ve sort of said publicly on Pan Am. We did confirm that we have had discussions with Pan Am about that property. Beyond that, I’m not going to comment any further,” said CSX’s Mark Wallace at the Baird investors conference Thursday. Wallace is the executive vice president for...

https://www.freightwaves.com/news/pan-am-conversions-to-rail-and-train-lengths-oh-my

Union Pacific eyes highway-to-rail conversion opportunities

A photograph of a Union Pacific train at a rail yard.

Union Pacific (NYSE: UNP) is looking for opportunities to take more market share away from trucks, whether that means through investments or through its own service product, executives said during the company’s second-quarter earnings call Thursday.

“I wouldn’t be surprised if there are other investments we make that look more like the activity Loup does, where you’re providing ancillary services from the railroad, but they are primary services to a customer. And it makes us a more valuable...

https://s29755.pcdn.co/news/union-pacific-eyes-highway-to-rail-conversion-opportunities